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🗓️ 26 November 2024
⏱️ 8 minutes
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Tuesday briefing: Trump’s tariffs; Jack Smith; Macy’s hidden expenses; Medicare and Ozempic; Thanksgiving forecast; and more
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0:00.0 | Donald Trump said he would impose new tariffs on America's three largest trading partners. |
0:08.4 | That's where we're starting the seven from the Washington Post. I'm Hannah Jewell. It's Tuesday, |
0:13.3 | November 26th. Let's get you caught up with today's seven stories. |
0:20.4 | The president-elect said yesterday he will issue executive orders imposing tariffs on Mexico, |
0:27.0 | Canada, and China. |
0:29.2 | A tariff is basically a tax on imported goods. |
0:32.9 | He said Mexican and Canadian goods would face tariffs of 25%, and Chinese merchandise would get a 10 percent tariff. |
0:41.7 | Trump said the move was aimed at halting what he called an invasion of drugs and migrants into the U.S. |
0:48.5 | Tariffs are paid by the companies that bring in imports, but the cost is often passed on to American consumers. |
0:55.9 | Economists warn this could affect grocery prices, which were a key issue in the presidential |
1:01.0 | election. The three countries do more than $2 trillion in trade with the U.S. Imports from Mexico |
1:08.4 | include cars, machinery, electrical equipment, food, and beer. |
1:13.3 | Canada supplies oil and gas, machinery, parts, and much more. |
1:18.1 | The U.S. relies on China for electronics, especially phones, along with toys, furniture, and plastics. |
1:25.5 | Trump said these tariffs would be one of his first actions on |
1:28.8 | inauguration day. That's January 20th. |
1:35.4 | Number two. A judge dismissed federal election obstruction charges against Donald Trump. |
1:43.5 | Special counsel Jack Smith asked for this criminal case to be dropped. |
1:48.3 | He defended the merits of the case, but he said a Justice Department policy that |
1:53.0 | prohibits prosecuting a sitting president made it impossible to proceed. |
1:57.6 | Separately, Smith sought permission to abandon his other federal case against Trump. |
2:02.6 | That case involves Trump's alleged mishandling of classified documents. Together, the two |
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